CAB warn on debt clearance

Moira Haynes, spokeswoman for the CAB, said that consolidating debt can work for some people, but it is important that people get quality debt advice before doing so.

“We would advise people who are thinking about consolidating their debts to get advice and look very carefully at whether it’s actually going to solve their problem,” Ms Haynes said.

She stressed that consolidation is not necessarily the best way for people to clear debt.

Instead, Ms Haynes urged people to seek out quality, free, debt advice to deal with any problem.

“We would say: ‘Get advice.’ There may be much better ways of dealing with a debt problem,” she stated.

Instead, Ms Haynes warned that people could end up paying more than they would have done otherwise because they were improperly informed.